IRELAND’S COMPETITIVENESS PERFORMANCE: CHALLENGES AND PROSPECTS

Abstract

The modern challenges of world economy and conditions in which the state exists provide the opportunity to emphasize that competitiveness of national economy in the world market is the key determinant in the state’s prosperity path. The research is focused on the performance of competitiveness of the Irish economy in global rankings (IMD and WEF). The obtained results allow demonstrating not only the rank of Ireland, but also determining the factors of its economic growth and those, which still should be improved. This study became a benchmark for recommendations to Irish economy in ensuring the long-term growth.